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Treasury Select Committee warns city to hire more women

The influential Treasury Select Committee has this weekend issued a report warning the UK financial sector of a need to increase the number of women appointed to influential positions in the industry. This is an age-old debate which has been going on for many years and it is well established that there is a lack of business women in the financial sector and especially towards the upper tiers of the industry. So what will the UK government do to change this?

John McFall, the chairman of the Treasury Select Committee, has stopped short of recommending legislation is brought in to implement legal quotas but he has warned the industry this could change in the years to come. In the meantime he believes that the UK government should monitor the number of business women in the industry and unless "natural progression" has happened over the next few years then perhaps legislation should be brought in.

Whether positive discrimination is the way forward is a matter which many people have very different views about but there is no doubt that this topic will lead to many clashes across the UK financial sector. Some people believe that additional legislation introduced to protect women's rights in the workplace may have impacted upon the number of women actually appointed in influential positions in the sector, although again this is a very controversial and a very explosive subject.

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